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Dec 13, 2012
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they played a benefit for survivors of hurricane sandy. it wa televised, streamed online and shown in theaters across the globe. as a result, 2 billion people were able to tune in. the cast included rolling stone, paul martin, alicia keys and kanye west. in case you missed it, here is a selection from billy joel. ♪ i don't have any reasons i left them all behind ♪ ♪ i'm in a new york state of mind ♪ >> proceeds and donations made during the show go directly to the robin hood relief fund which will distribute money throughout the region. more than $30 million was raised from ticket sales alone. remarkable. >>> if you're just joining us here on the program, these are your headlines. eu finance ministers give the green light to the ecb to oversee more than 150 banks under new banking union plans. >>> spain sees good demand at its final debt auction of year, but analysts warn the strong results may be dee to the small amount of paper on offer. and the fed takes steps to boost its economy, tying interest rates directly to the u.s. unemp
they played a benefit for survivors of hurricane sandy. it wa televised, streamed online and shown in theaters across the globe. as a result, 2 billion people were able to tune in. the cast included rolling stone, paul martin, alicia keys and kanye west. in case you missed it, here is a selection from billy joel. ♪ i don't have any reasons i left them all behind ♪ ♪ i'm in a new york state of mind ♪ >> proceeds and donations made during the show go directly to the robin hood...
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Dec 26, 2012
12/12
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now, sandy was another issue. 16% of consumers in the northeast said that sandy impacted them. so that is a significant fark tor. the other issue is, luxury was impacted because this year corporate america held fewer christmas parties than in the past, because they didn't want to be able to broadcast their largess and all their activities. keep in mind, 40% of retailers driven by the corporate christmas parties, when they were cut back, it affected the shoppers who were buying the holiday dresses and jewelry. >> so is this -- i mean, if you're looking for the true source of pain here, brit, in the trade, is it discounters? is it luxury? where are we going to notice this miss the most? >> well, what happened this year is, before the season started, 74% of consumers said they were redig to avoid their credit cards as much as possible. so when you look at the winners this christmas, you look at walmart, you look at sam's, you look at big lots, you look at amazon, and look at the people that really did well this christmas, you know, and dollar tree, think about that. you've got a d
now, sandy was another issue. 16% of consumers in the northeast said that sandy impacted them. so that is a significant fark tor. the other issue is, luxury was impacted because this year corporate america held fewer christmas parties than in the past, because they didn't want to be able to broadcast their largess and all their activities. keep in mind, 40% of retailers driven by the corporate christmas parties, when they were cut back, it affected the shoppers who were buying the holiday...
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Dec 6, 2012
12/12
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post-sandy now reservations have come back from these airlines. there was a lot of worry of cancellations. >> because a lot of families still have not recovered from that. there was a thought that would be a much longer lag. >> bookings have returned to normal. that's key. >> kenny pulkari is here. there's no recipe. >> we might have to do takeout in the herrera household tonight. it's coming, guys, but it probably won't be here until tomorrow. you just have to wait. the market's kind of waiting, too. it's all on washington. i was impressed with yesterday the market was able to hold on to an advance in the face of apple. i think that boded pretty well. >> well, i think that's true but i think apple is a situation and issue unto itself. right? certainly it affects -- you saw what it did to the nasdaq yesterday. but for the broader market i think it does say a lot for the strength of the broader market in terms what have it wants to see. it wants to see the resolution. whether apple goes up or down. if we get a resolution of the fiscal cliff or the
post-sandy now reservations have come back from these airlines. there was a lot of worry of cancellations. >> because a lot of families still have not recovered from that. there was a thought that would be a much longer lag. >> bookings have returned to normal. that's key. >> kenny pulkari is here. there's no recipe. >> we might have to do takeout in the herrera household tonight. it's coming, guys, but it probably won't be here until tomorrow. you just have to wait. the...
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Dec 18, 2012
12/12
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hurricane sandy caused a lot of devastation. and one of the things that needs to be repaired is boats. and that's why i think brunswick corp, bc, could be a very good investment. despite what you may be worried about with the fiscal cliff. don't move. the lightning round is next. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. the lexus december to remember sales event is on. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamif
hurricane sandy caused a lot of devastation. and one of the things that needs to be repaired is boats. and that's why i think brunswick corp, bc, could be a very good investment. despite what you may be worried about with the fiscal cliff. don't move. the lightning round is next. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. the...
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Dec 17, 2012
12/12
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hurricane sandy caused a lot of devastation. and one of the things that needs to be repaired is boats. and that's why i think brunswick corp, bc, could be a very good investment. despite what you may be worried about with the fiscal cliff. don't move. the lightning round is next. >>> it is time -- it is time for "the lightning round." you say the stock, i tell you to buy, buy, buy or sell, sell, sell. and then the lightning round is over. are you ready, ski daddy? it's time for the lightning round. why don't we start with suzanne in florida. suzanne. >> caller: boo-yah, jim. >> boo-yah. >> caller: do you still like gld, and what's your outlook for it? >> a lot of people are backing away from gold. they always back away from gold, and yet gold is a currency and i want some. i think it trades in a range, maybe goes down a little bit, but i think it's great longer term. one of my favorite positions. let's go to mike in utah. mike. >> caller: hello, jim. boo-yah from salt lake city, utah. >> good to have you on the show. >> caller:
hurricane sandy caused a lot of devastation. and one of the things that needs to be repaired is boats. and that's why i think brunswick corp, bc, could be a very good investment. despite what you may be worried about with the fiscal cliff. don't move. the lightning round is next. >>> it is time -- it is time for "the lightning round." you say the stock, i tell you to buy, buy, buy or sell, sell, sell. and then the lightning round is over. are you ready, ski daddy? it's time...
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Dec 13, 2012
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and they have a sandy kicker. it is the number one manufacturer of portable generat generators, and they only account for 10% of company sales, but they have an easy to operate product, and when millions lost power for days or weeks after hurricane sandy, you better believe just about everybody stuck in that situation want wished they had a generator. i think these people will not allow themselves to be caught without power again which is why i bet portable generators will be a staple of hurricane preparedness, like candles and flashlights and batteries. very good news for briggs & stratton. let's get a closer look with todd teske, the president and ceo of briggs & stratton. find out more about his company and where it's headed. welcome to "mad money". >> great to be here, jim. thanks. >> we can't have any illusions. hurricane sandy, generators are important, you are primarily lawn and garden. we have a great housing market, interrupted by periods of drought and bad weather. where we are in not just the last seaso
and they have a sandy kicker. it is the number one manufacturer of portable generat generators, and they only account for 10% of company sales, but they have an easy to operate product, and when millions lost power for days or weeks after hurricane sandy, you better believe just about everybody stuck in that situation want wished they had a generator. i think these people will not allow themselves to be caught without power again which is why i bet portable generators will be a staple of...
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Dec 7, 2012
12/12
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Dec 12, 2012
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. >> let's throw in hurricane sandy. you were very, you know, wow, it was tough to talk about hurricane sandy. terrible loss of life. terrible damage. many of your stores got hurt. right after this, deutsche bank met with you and said despite sandy, things are pretty good. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. the stores were closed. people weren't shopping online because there was no electricity. we took a hit. at the time of the conference call we saw an uptick in the business. we can't talk about trends since then. we said that the impact of the storm was probably going to take us to a flattish performance. and i feel optimistic for the long term for our consumers. >> why is classic clothing not selling well but contemporary? is there any accounting for taste? >> well, look. people love what they love. accessories have been performing very well. shoes, handbags, jewelry. people love something that is new. something that is the same that they have in their clo
. >> let's throw in hurricane sandy. you were very, you know, wow, it was tough to talk about hurricane sandy. terrible loss of life. terrible damage. many of your stores got hurt. right after this, deutsche bank met with you and said despite sandy, things are pretty good. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. the stores were closed. people weren't shopping online because there was no electricity. we took a hit. at the time...
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Dec 19, 2012
12/12
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some of the furniture that was unaffected from sandy hook has been moved there. as for the kids, still a process in the works. we are talking with counselors and with parents of the survivors. they want to make sure that they do this the right way. every one involved say it is important that they go back together. they think that is important for them. >> in a routine. jay gray, we appreciate it. thank you. all right. all right now, some better news, american oil and gas companies have so much product that they are ready to start exporting worldwide. but wait until you hear who is trying to stand in their way. free market capitalism is always the best path to prosperity. we will be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide hi
some of the furniture that was unaffected from sandy hook has been moved there. as for the kids, still a process in the works. we are talking with counselors and with parents of the survivors. they want to make sure that they do this the right way. every one involved say it is important that they go back together. they think that is important for them. >> in a routine. jay gray, we appreciate it. thank you. all right. all right now, some better news, american oil and gas companies have so...
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Dec 7, 2012
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 7, 2012
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 13, 2012
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that's in the range. 400 we thought was sandy. and now going down below 350 i think some economists, you know what, maybe the job market is a little bit better than we expected. the real disconnect that's out there, andrew, is we've reduced capital spending but not hiring. >> right. >> usually those things work together when they cut cap-ex they also cut workers to go along with that. they seem to have cut cap-ex on maybe a temporary, i'm worried about the fiscal cliff basis, but kept their employees on board. that seems to be the case right now. and presents the possibility of making some progress. >> they come back with some more cap-ex then we've got a shot -- >> did we get rick to talk about the fed yesterday? time for a -- some wisdom from rick? >> i'm here. >> rick, so what did you make of that? do you understand what policy is now? before you tell me how much you disagree with it, i just want to know if you understand it. >> do you understand it? >> no, i don't. i don't. i wanted to see if we were simpatico on that story. >
that's in the range. 400 we thought was sandy. and now going down below 350 i think some economists, you know what, maybe the job market is a little bit better than we expected. the real disconnect that's out there, andrew, is we've reduced capital spending but not hiring. >> right. >> usually those things work together when they cut cap-ex they also cut workers to go along with that. they seem to have cut cap-ex on maybe a temporary, i'm worried about the fiscal cliff basis, but...
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Dec 14, 2012
12/12
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sandy, nice numbers. okay. let's talk about the buying opportunities and how allocate capital in the midst of all of thighs issues that we talk about so much, in particular the fiscal cliff. >> well, i don't think you can trade around the fiscal cliff. if you have cash and plenty of people have cash on the sidelines and you do get that sharp selloff because congress cannot avert the fiscal cliff and we fall over in the new year, take advantage of it and get into the market because it will be a terrific buying opportunity. >> should i be waiting though for the buying opportunity? in other words, we know capital gains taxes will be higher next year. should i be trying to get out of my winners and look for a market selloff to get back in? >> well, look, if you haven't taken gains this year, you should take more than you're normally accustomed to. i think that's a no-brainer, and if you want to -- if you want to wait for that buying opportunity, you're taking risk because if congress and the white house can get tha
sandy, nice numbers. okay. let's talk about the buying opportunities and how allocate capital in the midst of all of thighs issues that we talk about so much, in particular the fiscal cliff. >> well, i don't think you can trade around the fiscal cliff. if you have cash and plenty of people have cash on the sidelines and you do get that sharp selloff because congress cannot avert the fiscal cliff and we fall over in the new year, take advantage of it and get into the market because it will...
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Dec 3, 2012
12/12
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 18, 2012
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they are donating $10,000 worth of target gift cards to the sandy hook elementary school. as you know, those children will not be returning to that school in the near future. maybe never. they are going to be going to school in monroe, new york. they are donating those gift cards so administrators can use those to restock that school with supplies because it's not being used right now. nice thing for target to do. >>> let's take a look at the markets right now. dow jones industrial average
they are donating $10,000 worth of target gift cards to the sandy hook elementary school. as you know, those children will not be returning to that school in the near future. maybe never. they are going to be going to school in monroe, new york. they are donating those gift cards so administrators can use those to restock that school with supplies because it's not being used right now. nice thing for target to do. >>> let's take a look at the markets right now. dow jones industrial...
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Dec 18, 2012
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sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have been in past weeks. so we know that the meeting lasted about 45 minutes and that treasury secretary tim geithner also attended. what we don't know is whether the two men came to any deal or not or advanced the discussions in any way today. what we do know is that up here on capitol hill, senator harry reid, the democratic leader, suggested to his fello
sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all...
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Dec 26, 2012
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really the season tripped coming out of the starting gate with hurricane sandy. the impact in the northeast and mid-atlantic, both those regions of the country actually had negative holiday seasons for the holiday-related sectors that we track. other areas of the country that were not impacted by significant weather in the southeast, south central, mountain and west, were up 2% to 4% year over year. so really depended on where you were in the country, how but during the holiday season. >> okay. that's definitely interesting to look at, the regional breakdown. i also want to talk about promotions. every year we see the promotions start, it seems, earlier, and discounts are a little deeper. at the end of the day when we're tabulating these numbers, are deep discounts really the way to go, or does it end up hurting the retailers in the end? >> i think a couple of events, the weakness in the first part of november did spur some additional discounting in november. and that did seem to be effective in generating sales growth in the second half of november. that was rel
really the season tripped coming out of the starting gate with hurricane sandy. the impact in the northeast and mid-atlantic, both those regions of the country actually had negative holiday seasons for the holiday-related sectors that we track. other areas of the country that were not impacted by significant weather in the southeast, south central, mountain and west, were up 2% to 4% year over year. so really depended on where you were in the country, how but during the holiday season. >>...
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Dec 11, 2012
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it's a fantastic charity event for the victims of sandy. groupon ceo speaking out as he tries to revive his struggling company. we have the headlines on that major story. a super deal for beyonce as well. a $50 million deal. with pepsi, is it a match made in heaven? for $50 million bucks i bet it is. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. i'm julia borsten in los angeles. groupon up 4% as ceo andrew mason speaks at a conference. he wouldn't respond to any of the juicy questions like whether the company needs new leadership or friday's report google is interested in groupon which sent it skyrocketing. given up gains, about 15% since friday. mason stressing groupon strength in mobile, a third his transactions on mobile devices saying mobile customers spend more and are more loyal. sue, over to you. >
it's a fantastic charity event for the victims of sandy. groupon ceo speaking out as he tries to revive his struggling company. we have the headlines on that major story. a super deal for beyonce as well. a $50 million deal. with pepsi, is it a match made in heaven? for $50 million bucks i bet it is. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back...
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Dec 5, 2012
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before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates remained too low. homes down sharply. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. oh, that's fine. they leave out the most important fact that i hadn't heard from anybody, let alone toll brothers before. demographic play, how the company's chairman talked how demographics are going to take over. household formation is unnatural but because of the great recession. now at least it's picking up. there should are several new home buyers out there because of pent-up demand. well, from the delay of creation of new families
before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates...
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Dec 5, 2012
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 26, 2012
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it is on the back of sandy. it's moving into the materials and industrials. >> weiss, the rlx hit a historic high in early december. gap down, abercrombie down ralph lauren down. even though i called you my wife. >> i was going to let that go. i was assuming you were talking to pete. in macy's, i've been losing money. the stocks are extremely cheap. a lot of the retailers are cheap, but you can't ignore the data. there's been no reason to really feel good about retail except for the housing market. discount the employment numbers because of participation rate. i'm with joe. i think you have to take the money off because the next move that's going to be in the market is going to be in the cyclical stocks if you get a deal on the fiscal cliff. if not, then retail goes worse. we analyzed this last week and said there's big drag. >> so, doc, is the trade the prudent trade you have to take some money off the table in the retail space? the consumer, the data has shown to be good and then you get holiday numbers from m
it is on the back of sandy. it's moving into the materials and industrials. >> weiss, the rlx hit a historic high in early december. gap down, abercrombie down ralph lauren down. even though i called you my wife. >> i was going to let that go. i was assuming you were talking to pete. in macy's, i've been losing money. the stocks are extremely cheap. a lot of the retailers are cheap, but you can't ignore the data. there's been no reason to really feel good about retail except for the...
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Dec 17, 2012
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. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long hard week ahead as families begin saying good-bye to loved ones and burying those victims who did not survive last woke's tragedy. first two funerals were held today. the first for 6-year-old noah posner, whose twin sitter survived in another room. and jack pinto. there is a lot of evidence both from the school and shooter's home and now they are beginning the long process of going through that evidence. they say they hope it will point to a motive. teachers today are meeting to discuss how best to hand they'll tragedy, moving forward as student begin to return to classrooms. student who attended sandy hook are i
. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long...
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Dec 1, 2012
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sandy has made the month of november virtually irrelevant. we can sweat it, puzzle over it. in the end we'll have to dismiss it unless the unemployment rate has shockingly dropped. which would be an odd anomaly, which would show that the country could pick up the slack of the northeast. i don't think that's going to happen. next week's game plan starts on sunday when treasure secretary tim geithner will appear on "meet the press" with my friend david gregory and hopefully explain how we're going to get out of this fiscal cliff mess. for once i actually believe we'll be able to bridge the cliff on the eve of destruction. and knowing that, i am both a guy who wants to take the pin off before new year's and i'm a buyer into negative capital chatter next week. not a seller, like so many of the pessimists out there. why don't we start with neil in florida. neil. >> reporter: boo ya, jim. it's neil in florida. face book dropped zynga, what should i do? hold or drop zynga? >> have a little january effect. everybody selling that thing nine ways to sunday. bad news. maybe they'll fin
sandy has made the month of november virtually irrelevant. we can sweat it, puzzle over it. in the end we'll have to dismiss it unless the unemployment rate has shockingly dropped. which would be an odd anomaly, which would show that the country could pick up the slack of the northeast. i don't think that's going to happen. next week's game plan starts on sunday when treasure secretary tim geithner will appear on "meet the press" with my friend david gregory and hopefully explain how...
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Dec 1, 2012
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sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he saw the light at the end of the tunnel. but it was most like lit light of an on-coming train. those days are gladly behind us. i suspect the toll tells a story that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'
sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he...
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Dec 7, 2012
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founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here in the united states, we're sitting on titanic amounts of energy that's both cheaper and cleaner than coal or oil, talking about natural gas. but we end up burning off millions of cubic feet of it every day because we don't have enough demand since our government refuses to support embracing nat gas for surface vehicles. while we probably aren't
founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have...
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Dec 14, 2012
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sandy hook elementary. where nbc news says 18 children, 8 adults, plus the gunman have been killed at one of the worst school shootings in american history. we've heard some comments, john harwood, from jay carney, the white house spokesman sort of talked about it. can we expect an official statement or press conference from the president about this tragedy? >> i think it's likely we'll hear from the president, probably in person, if not in a written statement. what jay carney said on his behalf was that he, like every parent, expresses enormous sympathy for the tragedy that's going on in connecticut right now. he got questions, of course as always happens in circumstances like this, about his views on gun control and whether he will seek any new legislation. jay carney said it's not the time for politics, it's the time to focus on the victims. that's where it stands at the moment. obviously this is, brian, totally distracted watchishingt attention away from fiscal cliff discussions and news coverage for da
sandy hook elementary. where nbc news says 18 children, 8 adults, plus the gunman have been killed at one of the worst school shootings in american history. we've heard some comments, john harwood, from jay carney, the white house spokesman sort of talked about it. can we expect an official statement or press conference from the president about this tragedy? >> i think it's likely we'll hear from the president, probably in person, if not in a written statement. what jay carney said on his...
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Dec 3, 2012
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Dec 6, 2012
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Dec 17, 2012
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they now say the shooter was not connected to sandy hook. they do say they have gathered an enormous amount of evidence. among those items, a computer that belonged to the shooter. but unfortunately it may not give them a lot of answers. we're hearing that it was destroyed. police say they are beginning the process of going through all that evidence. a long, tedioedious process. meanwhile, teachers are meeting today to figure how to handle this tragedy as students begin returning tomorrow. i'm danielle leigh, now back to you. >> thank you very much. >>> we'll head toward the break here off the lows. at the high of the day the dow was up 95 points. we've come off those highs but still up 73. >> after the break stay with us. pimco's hoe ma'am med el-erian will be with us. >> and apple falling behind 500 for the first time since february. what's wrong? we're going to look at the. >>> and people making a million dollars a year on the hook for higher taxes? would their spending and investment habits change and impact everybody else? our experts b
they now say the shooter was not connected to sandy hook. they do say they have gathered an enormous amount of evidence. among those items, a computer that belonged to the shooter. but unfortunately it may not give them a lot of answers. we're hearing that it was destroyed. police say they are beginning the process of going through all that evidence. a long, tedioedious process. meanwhile, teachers are meeting today to figure how to handle this tragedy as students begin returning tomorrow. i'm...
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Dec 5, 2012
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 29, 2012
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sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 threshold for rates, maybe an amt attached to it and maybe have unemployment attached to it, but that's it. that's what the
sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard...
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Dec 21, 2012
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. >> the 1.2 was impacted by hurricane sandy. we had about 20% of our clients impacted by the hurricane. i think we'll see that come back closer to the 1.8%, 1.7% in the third, we hope. >> let go back to that small business formation. you've got some numbers mr. rivera provided. we used to be at 850,000 business starts. we're down to 758,000. we're like a much bigger country than we used to be. that's how few people are starting businesses? >> it really is. it's coming back but it's been very slow. all of these regulations and concerns first about the election, which we're now past but with the fiscal cliff, i think the additional startup, one, it's tough to get the money, you don't want to take the risk. consumer confidence and consumer spending is not quite there yet. at least it's not increasing so you're really not taking the risk to start your business. >> you would figure someone could get a loan to start a business. why take a loan if you're so scared that maybe you go under? >> right. i think when you think of small busin
. >> the 1.2 was impacted by hurricane sandy. we had about 20% of our clients impacted by the hurricane. i think we'll see that come back closer to the 1.8%, 1.7% in the third, we hope. >> let go back to that small business formation. you've got some numbers mr. rivera provided. we used to be at 850,000 business starts. we're down to 758,000. we're like a much bigger country than we used to be. that's how few people are starting businesses? >> it really is. it's coming back...
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Dec 26, 2012
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and the senseless slaughters in sandy hook, connecticut, spending less and giving more to charities. >> jan, i don't want to minimize any of this, the damage that this storm has already inflicted in parts of the country and could still inflict, but we were in an environment where people were just not shopping to begin with. do you think retailers could use this as a good excuse going forward? >> yeah, bert's here with me the four horsemen and apocalypse. i have to agree with him and there's really not a lot of time left. today was going to be a very, very big day, bases where it's not being snow affected. i think you'll see a strong performance. i know i was tough, the biggest deal. the fiscal cliff killed us. retailers went deep on profession and they said, no. i thrill city nyse's will be bert. >> do you think it's getting better in 2013, bert? >> 2013 starts the retail ice age and maybe the 500 to 1,000-day retail recession. shopping centers, malls-based, starting to refinance some of them will create record vak kiss on the laws. >> which stocks specifically are going to suffer in
and the senseless slaughters in sandy hook, connecticut, spending less and giving more to charities. >> jan, i don't want to minimize any of this, the damage that this storm has already inflicted in parts of the country and could still inflict, but we were in an environment where people were just not shopping to begin with. do you think retailers could use this as a good excuse going forward? >> yeah, bert's here with me the four horsemen and apocalypse. i have to agree with him and...
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Dec 14, 2012
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and the super hurricane sandy had really very little impact. now, i just want to show you, you can see the consumer is not dead. in fact, let me try this one. you're up here at about 4.5%. this is six months smooth basis. look at this move from june to november, consumers are far from dead. it's not fabulous. i'd like to see five or six growth. but it ain't bad. now, the second one we're going to look at is jobless claims. weekly unemployment claims fell almost 30,000 for the week. nowing again, hurricane sandy did play a bit of a role, but only temporary. you can see in mid november -- there's hurricane sandy at about 450,000. you can also see that it is now falling all the way down to about 340,000. these are weekly jobless claims that are pretty good indicators of what the next employment report is going to look like. so i'm just saying retail sales, jobless claims, pretty darn good, the economy is not collapsing. now, we're going to wait for a business investment, which comes in in a couple weeks. that's been falling badly. and then we're g
and the super hurricane sandy had really very little impact. now, i just want to show you, you can see the consumer is not dead. in fact, let me try this one. you're up here at about 4.5%. this is six months smooth basis. look at this move from june to november, consumers are far from dead. it's not fabulous. i'd like to see five or six growth. but it ain't bad. now, the second one we're going to look at is jobless claims. weekly unemployment claims fell almost 30,000 for the week. nowing...
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Dec 3, 2012
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particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to 2013. >> are you buying the market on any pullback? >> i like the santa claus rally with josh and would be raising cash. i think the risk in the markets further on the down side than the up side. but when you see some real pullbacks, buy the stock if you like it. >> morgan stanley's top market watcher has been bearish all year and not ready to change his mind. adam parker joins us live. welcome back to halftime. good to see you. >> how are you, scott? >> 1167 is where you thought we would be at the end of the year. you'll be far short. why aren't you willi
particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to...
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Dec 4, 2012
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 4, 2012
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incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember, one of the reasons why i went back to ed. he is the guy who nailed it and went against the grain in europe. right before the decision on the european bailout. and according to him, according to a guy who went against the grain then and was right. when you look at the market based on the markets, retail might be the most attractive area to own in this whole market. look, look at this daily chart of the rth. this is it. excellent proxy for the whole group. it does work. you can see from the year earlier in october. november 21st, this is the spot here, it has come roaring back. he points out t
incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember,...
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Dec 13, 2012
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. >>> just when broadway was getting back on its feet from hurricane sandy, well, then this. the striking service workers. they have halted -- are they going to halt broadway's recovery? we're talking about whether unions are ruining the u.s. economy? and three of wall street's top stock pickers come up who will give you a game plan and moments away from the president's and speaker boehner's meeting at white house. stay with us. or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choi
. >>> just when broadway was getting back on its feet from hurricane sandy, well, then this. the striking service workers. they have halted -- are they going to halt broadway's recovery? we're talking about whether unions are ruining the u.s. economy? and three of wall street's top stock pickers come up who will give you a game plan and moments away from the president's and speaker boehner's meeting at white house. stay with us. or jumping into the market, he goes with people he...
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Dec 3, 2012
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sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we...
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Dec 10, 2012
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also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time y
also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd...
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Dec 21, 2012
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i believe there's still an opportunity here for the president and the speaker, as sandy said, so sit down in a ream quiet will i, hopefully, without a lot of -- but it sounds like the conservative republicans in the house are back to the situation where they won't tolerate any tax increase at all. i mean, isn't that what they opposed last night? >> no, i don't think so. i think last night was a statement that they -- that you have -- within the republican conference in the house, they're not going to raise taxes unless they get the spending cuts to go along with it. i think if there had been a package that was signed on to that they knew was legitimate, was real, was going to go to the senate and be passed, it had been a comprehensive package in the $2 trillion range which is what the president and the speaker had been talking about, i think that type of package could have been done. >> let me just interject because we know each other well. i don't think that was the meaning of yesterday. essentially, a lot of your former colleagues, the people who i think have rather different view
i believe there's still an opportunity here for the president and the speaker, as sandy said, so sit down in a ream quiet will i, hopefully, without a lot of -- but it sounds like the conservative republicans in the house are back to the situation where they won't tolerate any tax increase at all. i mean, isn't that what they opposed last night? >> no, i don't think so. i think last night was a statement that they -- that you have -- within the republican conference in the house, they're...
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Dec 13, 2012
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let's check in with sandy cutler the ceo of eaton. welcome back to "mad money." >> good evening, jim. best wishes for the holidays. >> same to you. same to you. i think your company now is just an electric and power management company with other businesses. the reason i put it like that is because that is one of the fastest-growing businesses in the world, electrical power management. while the others are still important, i think that the growth of the company is this new-formed division. am i reading it too close to cooper and not enough to the vast panoply of your company? >> we still think the whole broad array of businesses we have that are all profiting from this global trend of increasingly efficient use of energy is still the big game for eaton. no question the cooper acquisition means about 60% of our revenue using 2011 pro formas will be in electrical. about another 20% in aerospace and hydraulics. about 80% of the business in those newer businesses for eaton. >> when i look at cooper i see terrific clients. you've got chevro
let's check in with sandy cutler the ceo of eaton. welcome back to "mad money." >> good evening, jim. best wishes for the holidays. >> same to you. same to you. i think your company now is just an electric and power management company with other businesses. the reason i put it like that is because that is one of the fastest-growing businesses in the world, electrical power management. while the others are still important, i think that the growth of the company is this...
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Dec 24, 2012
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sandy certainly had an impact. we're talking about 5 to $10 million. in the case of priceline, we're looking for 25% to 30% growth. very strong. we're seeing issues more on the hotel side of the coverage, say marriott or starwood. we're seeing relatively cautious tone in terms of corporate travel demand. >> how does -- let's say the likes of a marriott or starwood, let's say they discount their rooms. how does that impact the margins over a priceline or expedia? do they impact them at all so only the hotel stocks feel that? >> it does impact them. they take the rate and get paid a percentage off the top. expedia, priceline, isn't setting the rate. ultimately it would be a good thing if you have demand stepping up because you see discounting in the channel. oftentimes the leader traveler is going to benefit if there's weak corporate demand because the big chains will discount to fill in the rooms with the leisure traveler. >> jay, we talk about the fiscal cliff impact and nobody knows how that story's going to turn out. if taxes do elevate in the new ye
sandy certainly had an impact. we're talking about 5 to $10 million. in the case of priceline, we're looking for 25% to 30% growth. very strong. we're seeing issues more on the hotel side of the coverage, say marriott or starwood. we're seeing relatively cautious tone in terms of corporate travel demand. >> how does -- let's say the likes of a marriott or starwood, let's say they discount their rooms. how does that impact the margins over a priceline or expedia? do they impact them at all...
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Dec 17, 2012
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they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton adminis
they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation?...
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Dec 12, 2012
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election, other major events this year included the summer olympics, the super bowl, and superstorm sandy. a tongue twister. celebrities also packed a punch for twitter user. justin bieber, of course, held the title of most re-tweeted before obama's. news of whitney houston's death in february generated more than ten million mentions. humbling. >> i think boris yeltsin at the opec got hit -- >> his tweets or pictures -- >> i'm not sure why he got caught in the zip wire. >> right. right. and him at the opening ceremonies dancing awkwardly. >> him -- him at the opening ceremony got a huge amount of response. >> as it should. we want to know what your favorite tweet, hash tag, or tui tweet, pic -- i hate myself for those terms. get in touch by e-mail, worldwide@cnbc.com. you can also tweet us, @cnbcwex. >>> ahead, north korea held a rocket launch but the international community is hardly impressed. we'll have reaction in a few minutes. >>> welcome back to "worldwide exchange." here are the top three stories trending at cnbc.com -- which chinese company will overtick amazon as the world's lar
election, other major events this year included the summer olympics, the super bowl, and superstorm sandy. a tongue twister. celebrities also packed a punch for twitter user. justin bieber, of course, held the title of most re-tweeted before obama's. news of whitney houston's death in february generated more than ten million mentions. humbling. >> i think boris yeltsin at the opec got hit -- >> his tweets or pictures -- >> i'm not sure why he got caught in the zip wire....
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Dec 6, 2012
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it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for rea
it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally,...
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Dec 19, 2012
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sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've got to go through that again. >> does name pact the economy and sort of the fundamentals of this market if we go into january, go over the cliff and then we actually have, to you know, reverse things? i mean, you're beginning the year with more uncertainty. >> ceos are already -- they are holding back on hiring. they are doing all these other things so ultimately, no, it won't have a fundamental impact because i think it will all be retroactive for january 2013. hard for people to hire in such an uncertain climate for everybody.
sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've...